Galena Mining

Abra Construction 52% Complete

GALENA MINING LTD. (“Galena” or the “Company”) (ASX: G1A) is pleased to announce that the construction progress at its Abra Base Metals Mine (“Abra” or the “Project”) has reached 52% complete on 28 February 2022.


Construction milestones achieved during the month include the raise drilling of the first 4.5-meter diameter primary ventilation shaft (80m) and the commencement of the civil works associated with the LNG/Solar power station.

Managing Director, Tony James commented, “It’s a great milestone to go past the 50% mark for the overall construction progress at Abra. Steady progress has been made in the processing plant construction with a total of 766m3 of concrete poured project to date.

Underground development has reached 880m since commencement against a plan of 815m. By the end of February, the decline has reached 1,422mRL which is 128m below the surface and 109m above the orebody. The successful drilling of the first 4.5m primary ventilation shaft also represents a critical reduction in mining risk as the mine will be able to establish the first leg of the ventilation following installation of the primary ventilation fan that was acquired in 2019.”


Click here for the full ASX release


This article includes content from Galena Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

G1A:AU
The Conversation (0)

Galena Mining

Galena Mining CEO Tony James said, “People have been just sitting and watching how we would perform this year, a perceived difficult construction period. But we've done a great job."

Galena Mining CEO Tony James said, “People have been just sitting and watching how we would perform this year, a perceived difficult construction period. But we've done a great job." Keep Reading...
A metallic paper airplane rests on a smooth light gray surface.

Record Silver Price a Key Q1 Tailwind for Miners

Following an unprecedented first quarter that saw silver prices break into triple digits before sharply correcting, the sector’s top producers registered massive cash generation and bolstered balance sheets. Silver achieved a historic milestone early in the first quarter, surging past US$100 an... Keep Reading...
Silver bars on shiny metallic surface.

Silver Stocks: 5 Biggest Silver-mining Companies in 2026

Silver mining companies are being supported by a silver price bull run in 2026. After climbing through 2025, silver broke its all-time high set in 1980 in October before reaching a new high of US$121.62 per ounce on January 29.The factors driving the metal's rise remain, most notably tightening... Keep Reading...
Lynette Zang, gold and silver bars.

Lynette Zang: Silver Fuse, Gold Anchor — This Currency Lifecycle is Ending

Lynette Zang, founder and CEO of Zang International, explains what gold and silver are saying about the world today, noting that while spot prices for the precious metals are down, they are on track to eventually assume their true fundamental value. "What I really want people to understand is... Keep Reading...
Stacks of shiny silver bars labeled "fine silver" and "999" purity.

ASX Silver Stocks: 5 Biggest Companies in 2026

Investor interest in primary silver-mining stocks is high in 2026 alongside the silver price, which rose to new records of AU$171.85 and US$121.82 in late January.Silver's recent performance is supported by its dual role as a precious and industrial metal.Economic and geopolitical uncertainty in... Keep Reading...
Two silver bars rest on a blue background with white financial chart lines; text reads: FINE SILVER 999.9.

Silver Institute: Sustained Supply Deficit Exposes Market to Squeezes

The global silver market is entering its sixth consecutive year of a supply deficit, but the underlying mechanics of the shortage have fundamentally shifted. According to the Silver Institute’s latest World Silver Survey, produced alongside London-based consultancy Metals Focus, the market will... Keep Reading...

Interactive Chart

Latest Press Releases

Related News